32 Banks Meet Recapitalisation Requirements Ahead of Deadline - CBN
The Governor of the Central Bank of Nigeria (CBN) Olayemi Cardoso, on Thursday disclosed that 32 banks have already met the new capital requirements under the ongoing recapitalisation programme, ahead of the March 31, 2026...
Stakeholders Push for Boost in Local Oil Output Amid Global Turmoil
There is renewed demand from stakeholders to ramp up domestic production capacity, as rising global oil prices triggered by the Middle East conflict, mounting public debt, and increased government spending have intensified pressure on...
Nigeria's External Reserves Hit $50bn, Highest in Over a Decade - CBN
The Central Bank of Nigeria (CBN) has announced that the country’s gross external reserves have surpassed the $50bn mark, reaching their highest level in over 13 years.
Governor Olayemi Cardoso disclosed this milestone on...
30 Banks Hit Recapitalisation Target - CBN
The Central Bank of Nigeria (CBN) has officially confirmed that 30 banks have successfully met the new minimum capital requirements under the ongoing banking sector recapitalisation programme.
The announcement was made on Thursday by CBN Governor Olayemi Cardoso during...
In a world of fragile emerging markets and volatile capital flows, credibility is currency. And under Governor Olayemi Cardoso, the Central Bank of Nigeria (CBN) has rebuilt Nigeria’s most important economic asset, trust.
30 Banks Hit Recapitalisation Target Ahead of March Deadline
Thirty banks have met the new minimum capital requirements introduced under the Central Bank of Nigeria’s banking sector recapitalisation programme, the apex bank disclosed on Friday.
The CBN said the recapitalisation exercise, launched in 2024 to strengthen...
